SOL/USDT – 1H – SELL

The pair Solana/Tether (SOL/USDT) jumps from the bullish trendline downwards

A bearish trend down to the next support at 232.230000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 253.510000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 235.14904 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 253.510000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ candlestick pattern is found. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

253.510000000 – 240.950000000 – 248.450000000 – 232.230000000 – 233.200000000 – 231.260000000 — 31.980182961805 – 26.643089274452

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –